First, let’s look at some highlights of how our Guaranteed Issue Underwriting solutions can help achieve efficiencies when implementing business insurance strategies.
No medical questions
Available on 10 or more lives
Nontobacco and tobacco rates apply
Face amounts determined by:
Set amount (title/position/percentage or ownership) OR
Formula (salary multiple/defined premium or defined benefit)
Available products
Underwriting programs that can meet your clients’ needs. Our Guaranteed Issue and Simplified Issue Underwriting solutions can help achieve efficiencies when implementing our business insurance strategies.
Lincoln MultiLife Business Solutions is approved for use with:
Lincoln AssetEdge® Exec VUL
Lincoln AssetEdge® VUL
Lincoln LifeGuarantee® UL
Lincoln VULONE
Lincoln WealthAccumulate® 2 IUL
Lincoln WealthAdvantage® IUL (NY)
Lincoln WealthPreserve® 2 IUL
Lincoln WealthPreserve® IUL (NY)
Please note that Lincoln reserves the right to limit availability on certain products.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products distributed by broker-dealer/affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities and investment advisory services offered through other affiliates. Affiliates are separately responsible for their own financial and contractual obligations.
For financial professional use only. Not for use with the public.
LCN-3502107-032221 4/21 Z01 Order code: LIF-MULTI-IDE001
Not a deposit
Not FDIC-insured
Not insured by any federal government agency
Not guaranteed by any bank or savings association
May go down in value
FAQs
We’ve collected the most frequently asked questions and answered them here.
Is it possible to have add-ons?
Yes. However, add-ons to existing groups require review. When requesting a participant addition, the case must still be reflective of the original offer letter (number of lives, plan design, etc.).
Is there anyone who will not qualify for GI/SI Underwriting?
Yes, GI/SI Underwriting is not available for:
Religious organizations
Unions, associations, fraternal organizations and government entities
Charities taking out policies on the lives of their members or donors
Professional athletes
Are reinstatements allowed?
Yes. Reinstatements of GI or SI business follow normal underwriting guidelines that apply to fully underwritten business.
What about increases?
A maximum yearly increase of 20% of the face amount initial specified amount, up to the amount stated in the offer letter, is allowed. Any lives not included in the original census applying for an increase must be documented.
To request an increase, submit:
A new GI or SI application from the policyowner
A copy of the original offer letter, stating increases are permitted
An underwriter must sign off to ensure that the change adheres to the program guidelines as specified in the original offer letter
Our MultiLife Business Solutions can help you identify and find solutions for your business clients’ targeted needs with a dedicated sales team to help guide you through the process.
This tool is designed to help you identify and gather information to facilitate Guaranteed Issue and Simplified Issue (GI/SI) Underwriting cases for businesses that want to cover multiple lives.
Reach success in Specialty Markets, a largely untapped area of growth. Explore the possibilities and see how our experience and products can give you an edge.
We’ve collected the most frequently asked questions and answered them here.
Is it possible to have add-ons?
Yes. However, add-ons to existing groups require review. When requesting a participant addition, the case must still be reflective of the original offer letter (number of lives, plan design, etc.).
Is there anyone who will not qualify for GI/SI Underwriting?
Yes, GI/SI Underwriting is not available for:
Religious organizations
Unions, associations, fraternal organizations and government entities
Charities taking out policies on the lives of their members or donors
Professional athletes
Are reinstatements allowed?
Yes. Reinstatements of GI or SI business follow normal underwriting guidelines that apply to fully underwritten business.
What about increases?
A maximum yearly increase of 20% of the face amount initial specified amount, up to the amount stated in the offer letter, is allowed. Any lives not included in the original census applying for an increase must be documented.
To request an increase, submit:
A new GI or SI application from the policyowner
A copy of the original offer letter, stating increases are permitted
An underwriter must sign off to ensure that the change adheres to the program guidelines as specified in the original offer letter
Our MultiLife Business Solutions can help you identify and find solutions for your business clients’ targeted needs with a dedicated sales team to help guide you through the process.
This tool is designed to help you identify and gather information to facilitate Guaranteed Issue and Simplified Issue (GI/SI) Underwriting cases for businesses that want to cover multiple lives.
Reach success in Specialty Markets, a largely untapped area of growth. Explore the possibilities and see how our experience and products can give you an edge.
For Lincoln VULONE – VUL/SVUL Fund Allocations – Form ID: LF06641_5-20
For Lincoln AssetEdge or Lincoln AssetEdge Exec – Form ID: LF12075_6-20
Supplementary Contact Information – Form ID: LF10704
Third-party Designation of Notice of Lapse or Termination of Individual Life Insurance – Form ID: LF11753
Required with GI and SI Apps in all states except for CA, CT, FL, ME and NY
Optional: List Bill Form –Form ID: LF06571
Replacement Forms
Appropriateness Verification Statement – Form ID: 33555
Important Notice Required by the Commissioner of Insurance – Form ID: 33503 (Or state variation)
To be provided to the Client (signatures are not required)
Privacy Practices Notice – Form ID: GB06714
Life Insurance Buyer’s Guide – Form ID: LF06509
Anti-Money Laundering Alert – LFG’s Position on Marijuana-Related Business – Form ID: GB10877
1035 Exchange
Exchange Agreement/Absolute Assignment for Life Insurance Sec. 1035 Life Insurance Exchange – Form ID: LF06591
If a pension group
For Premium Financing
Premium Financing Lender Certification – Form ID: LF06657
Premium Financing Supplement – Form ID: LFF06369
Acknowledgement Form – Form ID: LF066
---
Guaranteed Issue limits
Employer-owned
Number of employees
Issue multiples per life
10 – 19
$40,000–$60,000 x number of lives
20+
$50,000–$70,000 x number of lives
Example
Lives
Issue limits
Lives
Issue limits
10
$600,000
15
$900,000
25
$1,750,000
50
$3,500,000
Employee-owned
Number of employees
Issue multiples per life
10 – 19
$25,000 x number of lives
20–39
$30,000 x number of lives
40+
$40,000 x number of lives
Example
Lives
Issue limits
Lives
Issue limits
10
$250,000
15
$375,000
25
$750,000
50
$2,000,000
Examples are based on a max funded accumulation case.
Guaranteed Issue Underwriting
First, let’s look at some highlights of how our Guaranteed Issue Underwriting solutions can help achieve efficiencies when implementing business insurance strategies.
No medical questions
Available on 10 or more lives
Nontobacco and tobacco rates apply
Face amounts determined by:
Set amount (title/position/percentage or ownership) OR
Formula (salary multiple/defined premium or defined benefit)
Available products
Underwriting programs that can meet your clients’ needs. Our Guaranteed Issue and Simplified Issue Underwriting solutions can help achieve efficiencies when implementing our business insurance strategies.
Lincoln MultiLife Business Solutions is approved for use with:
Lincoln AssetEdge® Exec VUL
Lincoln AssetEdge® VUL
Lincoln LifeGuarantee® UL
Lincoln VULONE
Lincoln WealthAccumulate® 2 IUL
Lincoln WealthAdvantage® IUL (NY)
Lincoln WealthPreserve® 2 IUL
Lincoln WealthPreserve® IUL (NY)
Please note that Lincoln reserves the right to limit availability on certain products.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products distributed by broker-dealer/affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities and investment advisory services offered through other affiliates. Affiliates are separately responsible for their own financial and contractual obligations.
For financial professional use only. Not for use with the public.
LCN-3502107-032221 4/21 Z01 Order code: LIF-MULTI-IDE001
Not a deposit
Not FDIC-insured
Not insured by any federal government agency
Not guaranteed by any bank or savings association
May go down in value
FAQs
We’ve collected the most frequently asked questions and answered them here.
Is it possible to have add-ons?
Yes. However, add-ons to existing groups require review. When requesting a participant addition, the case must still be reflective of the original offer letter (number of lives, plan design, etc.).
Is there anyone who will not qualify for GI/SI Underwriting?
Yes, GI/SI Underwriting is not available for:
Religious organizations
Unions, associations, fraternal organizations and government entities
Charities taking out policies on the lives of their members or donors
Professional athletes
Are reinstatements allowed?
Yes. Reinstatements of GI or SI business follow normal underwriting guidelines that apply to fully underwritten business.
What about increases?
A maximum yearly increase of 20% of the face amount initial specified amount, up to the amount stated in the offer letter, is allowed. Any lives not included in the original census applying for an increase must be documented.
To request an increase, submit:
A new GI or SI application from the policyowner
A copy of the original offer letter, stating increases are permitted
An underwriter must sign off to ensure that the change adheres to the program guidelines as specified in the original offer letter
Our MultiLife Business Solutions can help you identify and find solutions for your business clients’ targeted needs with a dedicated sales team to help guide you through the process.
This tool is designed to help you identify and gather information to facilitate Guaranteed Issue and Simplified Issue (GI/SI) Underwriting cases for businesses that want to cover multiple lives.
Reach success in Specialty Markets, a largely untapped area of growth. Explore the possibilities and see how our experience and products can give you an edge.
For Lincoln VULONE – VUL/SVUL Fund Allocations – Form ID: LF06641_5-20
For Lincoln AssetEdge or Lincoln AssetEdge Exec – Form ID: LF12075_6-20
Supplementary Contact Information – Form ID: LF10704
Third-party Designation of Notice of Lapse or Termination of Individual Life Insurance – Form ID: LF11753
Required with GI and SI Apps in all states except for CA, CT, FL, ME and NY
Optional: List Bill Form –Form ID: LF06571
Replacement Forms
Appropriateness Verification Statement – Form ID: 33555
Important Notice Required by the Commissioner of Insurance – Form ID: 33503 (Or state variation)
To be provided to the Client (signatures are not required)
Privacy Practices Notice – Form ID: GB06714
Life Insurance Buyer’s Guide – Form ID: LF06509
Anti-Money Laundering Alert – LFG’s Position on Marijuana-Related Business – Form ID: GB10877
1035 Exchange
Exchange Agreement/Absolute Assignment for Life Insurance Sec. 1035 Life Insurance Exchange – Form ID: LF06591
If a pension group
Acknowledgement Form – Form ID: LF066
---
For Premium Financing
Premium Financing Lender Certification – Form ID: LF06657
Premium Financing Supplement – Form ID: LFF06369
Guaranteed Issue limits
Employer-owned
Number of employees
Issue multiples per life
10 – 19
$40,000–$60,000 x number of lives
20+
$50,000–$70,000 x number of lives
Example
Lives
Issue limits
Lives
Issue limits
10
$600,000
15
$900,000
25
$1,750,000
50
$3,500,000
Employee-owned
Number of employees
Issue multiples per life
10 – 19
$25,000 x number of lives
20–39
$30,000 x number of lives
40+
$40,000 x number of lives
Example
Lives
Issue limits
Lives
Issue limits
10
$250,000
15
$375,000
25
$750,000
50
$2,000,000
Examples are based on a max funded accumulation case.
Guaranteed Issue Underwriting
First, let’s look at some highlights of how our Guaranteed Issue Underwriting solutions can help achieve efficiencies when implementing business insurance strategies.
No medical questions
Available on 10 or more lives
Nontobacco and tobacco rates apply
Face amounts determined by:
Set amount (title/position/percentage or ownership) OR
Formula (salary multiple/defined premium or defined benefit)
Available products
Underwriting programs that can meet your clients’ needs. Our Guaranteed Issue and Simplified Issue Underwriting solutions can help achieve efficiencies when implementing our business insurance strategies.
Lincoln MultiLife Business Solutions is approved for use with:
Lincoln AssetEdge® Exec VUL
Lincoln AssetEdge® VUL
Lincoln LifeGuarantee® UL
Lincoln VULONE
Lincoln WealthAccumulate® 2 IUL
Lincoln WealthAdvantage® IUL (NY)
Lincoln WealthPreserve® 2 IUL
Lincoln WealthPreserve® IUL (NY)
Please note that Lincoln reserves the right to limit availability on certain products.
Submitting a case
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products distributed by broker-dealer/affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities and investment advisory services offered through other affiliates. Affiliates are separately responsible for their own financial and contractual obligations.
For financial professional use only. Not for use with the public.
LCN-3502107-032221 4/21 Z01 Order code: LIF-MULTI-IDE001
Not a deposit
Not FDIC-insured
Not insured by any federal government agency
Not guaranteed by any bank or savings association
May go down in value
FAQs
We’ve collected the most frequently asked questions and answered them here.
Is it possible to have add-ons?
Yes. However, add-ons to existing groups require review. When requesting a participant addition, the case must still be reflective of the original offer letter (number of lives, plan design, etc.).
Is there anyone who will not qualify for GI/SI Underwriting?
Yes, GI/SI Underwriting is not available for:
Religious organizations
Unions, associations, fraternal organizations and government entities
Charities taking out policies on the lives of their members or donors
Professional athletes
Are reinstatements allowed?
Yes. Reinstatements of GI or SI business follow normal underwriting guidelines that apply to fully underwritten business.
What about increases?
A maximum yearly increase of 20% of the face amount initial specified amount, up to the amount stated in the offer letter, is allowed. Any lives not included in the original census applying for an increase must be documented.
To request an increase, submit:
A new GI or SI application from the policyowner
A copy of the original offer letter, stating increases are permitted
An underwriter must sign off to ensure that the change adheres to the program guidelines as specified in the original offer letter
Our MultiLife Business Solutions can help you identify and find solutions for your business clients’ targeted needs with a dedicated sales team to help guide you through the process.
This tool is designed to help you identify and gather information to facilitate Guaranteed Issue and Simplified Issue (GI/SI) Underwriting cases for businesses that want to cover multiple lives.
Reach success in Specialty Markets, a largely untapped area of growth. Explore the possibilities and see how our experience and products can give you an edge.
For Lincoln VULONE – VUL/SVUL Fund Allocations – Form ID: LF06641_5-20
For Lincoln AssetEdge or Lincoln AssetEdge Exec – Form ID: LF12075_6-20
Supplementary Contact Information – Form ID: LF10704
Third-party Designation of Notice of Lapse or Termination of Individual Life Insurance – Form ID: LF11753
Required with GI and SI Apps in all states except for CA, CT, FL, ME and NY
Optional: List Bill Form – Form ID: LF06571
Replacement Forms
Appropriateness Verification Statement – Form ID: 33555
Important Notice Required by the Commissioner of Insurance – Form ID: 33503 (Or state variation)
To be provided to the Client (signatures are not required)
Privacy Practices Notice – Form ID: GB06714
Life Insurance Buyer’s Guide – Form ID: LF06509
Anti-Money Laundering Alert – LFG’s Position on Marijuana-Related Business – Form ID: GB10877
1035 Exchange
Exchange Agreement/Absolute Assignment for Life Insurance Sec. 1035 Life Insurance Exchange – Form ID: LF06591
For Premium Financing
Premium Financing Lender Certification – Form ID: LF06657
Premium Financing Supplement – Form ID: LFF06369
If a pension group
Acknowledgement Form – Form ID: LF066
Guaranteed Issue limits
Employee-owned
Number of employees
Issue multiples per life
10 – 19
$25,000 x number of lives
20–39
$30,000 x number of lives
40+
$40,000 x number of lives
Example
Lives
Issue limits
Lives
Issue limits
10
$250,000
15
$375,000
25
$750,000
50
$2,000,000
Examples are based on a max funded accumulation case.
Employer-owned
Number of employees
Issue multiples per life
10 – 19
$40,000–$60,000 x number of lives
20+
$50,000–$70,000 x number of lives
Example
Lives
Issue limits
Lives
Issue limits
10
$600,000
15
$900,000
25
$1,750,000
50
$3,500,000
GI Underwriting
Guaranteed Issue Underwriting
First, let’s look at some highlights of how our Guaranteed Issue Underwriting solutions can help achieve efficiencies when implementing business insurance strategies.
No medical questions
Available on 10 or more lives
Nontobacco and tobacco rates apply
Face amounts determined by:
Set amount (title/position/percentage or ownership) OR
Formula (salary multiple/defined premium or defined benefit)
Available products
Underwriting programs that can meet your clients’ needs. Our Guaranteed Issue and Simplified Issue Underwriting solutions can help achieve efficiencies when implementing our business insurance strategies.
Lincoln MultiLife Business Solutions is approved for use with:
Lincoln AssetEdge® Exec VUL
Lincoln AssetEdge® VUL
Lincoln LifeGuarantee® UL
Lincoln VULONE
Lincoln WealthAccumulate® 2 IUL
Lincoln WealthAdvantage® IUL (NY)
Lincoln WealthPreserve® 2 IUL
Lincoln WealthPreserve® IUL (NY)
Please note that Lincoln reserves the right to limit availability on certain products.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates, including The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Variable products distributed by broker-dealer/affiliate Lincoln Financial Distributors, Inc., Radnor, PA. Securities and investment advisory services offered through other affiliates. Affiliates are separately responsible for their own financial and contractual obligations.
For financial professional use only. Not for use with the public.
LCN-3502107-032221 4/21 Z01 Order code: LIF-MULTI-IDE001
Not a deposit
Not FDIC-insured
Not insured by any federal government agency
Not guaranteed by any bank or savings association
May go down in value
FAQs
We’ve collected the most frequently asked questions and answered them here.
Is it possible to have add-ons?
Yes. However, add-ons to existing groups require review. When requesting a participant addition, the case must still be reflective of the original offer letter (number of lives, plan design, etc.).
Is there anyone who will not qualify for GI/SI Underwriting?
Yes, GI/SI Underwriting is not available for:
Religious organizations
Unions, associations, fraternal organizations and government entities
Charities taking out policies on the lives of their members or donors
Professional athletes
Are reinstatements allowed?
Yes. Reinstatements of GI or SI business follow normal underwriting guidelines that apply to fully underwritten business.
What about increases?
A maximum yearly increase of 20% of the face amount initial specified amount, up to the amount stated in the offer letter, is allowed. Any lives not included in the original census applying for an increase must be documented.
To request an increase, submit:
A new GI or SI application from the policyowner
A copy of the original offer letter, stating increases are permitted
An underwriter must sign off to ensure that the change adheres to the program guidelines as specified in the original offer letter
Our MultiLife Business Solutions can help you identify and find solutions for your business clients’ targeted needs with a dedicated sales team to help guide you through the process.
This tool is designed to help you identify and gather information to facilitate Guaranteed Issue and Simplified Issue (GI/SI) Underwriting cases for businesses that want to cover multiple lives.
Reach success in Specialty Markets, a largely untapped area of growth. Explore the possibilities and see how our experience and products can give you an edge.
